Short Interest in Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Grows By 469.9%

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 13,934 shares, a growth of 469.9% from the December 31st total of 2,445 shares. Based on an average daily volume of 32,809 shares, the short-interest ratio is currently 0.4 days. Approximately 1.3% of the company’s shares are short sold. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 32,809 shares, the short-interest ratio is currently 0.4 days.

Gabelli Financial Services Opportunities ETF Price Performance

NYSEARCA GABF opened at $46.07 on Wednesday. The stock has a market capitalization of $50.68 million, a price-to-earnings ratio of 19.92 and a beta of 1.14. Gabelli Financial Services Opportunities ETF has a 1-year low of $36.75 and a 1-year high of $49.81. The business’s fifty day moving average price is $46.82 and its 200-day moving average price is $47.52.

Gabelli Financial Services Opportunities ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 29th were given a dividend of $0.9068 per share. This represents a yield of 194.0%. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Trading of Gabelli Financial Services Opportunities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP grew its stake in Gabelli Financial Services Opportunities ETF by 22.1% during the 3rd quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock worth $535,000 after buying an additional 2,012 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in Gabelli Financial Services Opportunities ETF in the second quarter worth $1,032,000. Carter Financial Group INC. bought a new stake in shares of Gabelli Financial Services Opportunities ETF during the second quarter valued at approximately $2,882,000. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Gabelli Financial Services Opportunities ETF by 0.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 227,870 shares of the company’s stock worth $10,812,000 after purchasing an additional 585 shares in the last quarter.

Gabelli Financial Services Opportunities ETF Company Profile

The Gabelli Financial Services Opportunities ETF (GABF) is an exchange-traded fund that mostly invests in financials equity. The fund is an actively managed, non-transparent fund of US-listed equities of financial services firms. The fund utilizes the Precidian non-transparent model. GABF was launched on May 9, 2022 and is managed by Gabelli.